MORTGAGE INTEREST RATE LOCK ADVISORY
August 28, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-7 Day Close: FLOAT WITH CAUTION
- 8-14 Day Close: LOCK
- 15-30 Day Close: LOCK
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on: 8-27-15: 3.84% - Down 0.09 point
- Rate Price Based on 3.5% MBS - Currently, Down -0.22 Point.
- DJI Stocks - Currently, $16,614.31, Down ($40.46)
- Asian & European Stock Market Indexes Up 0.641%
- Crude Oil (WTI) - Currently, $41.99, Down ($0.57)
- Gold 1 Ounce - Currently, $1,136.00, Up $13.00
MARKET REPORTS & ANALYSIS
- The final reading for the August Consumer Sentiment was lower than expected and generally favorable for Rates
- Thursday rates ended the day virturally unchanged after being down in the morning.
- Markets seemed to have calmed, at least for the moment. However uncertainty in Asian markets could cause change at any moment.
- This morning appears that we may see a little improvement today. However, keep a close eye on the rate market.
NEWS LINKS
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